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Thank you for posting here in the Community, nkalloo.
I can help you with creating another company for your QuickBooks Online.
You'll need to sign-up for a new QuickBooks Online account to create another company. One company file is equivalent to one subscription.
To put this company under your existing Intuit ID, log into your current company when creating a new account. Simply click on the Add another company button when creating another account (I'll be adding a screenshot for reference). From there, you'll only be asked for an Email address and Password (you should be using the same email address).
Check this International versions article, then choose your country to create a new account.
Once done, you can simply switch from one company to other quickly. See this how do I switch companies article for more information.
That should do it. Let me know if you need further assistance in creating a new company by leaving a comment below. I'm always glad to help in any way I can. Have a great rest of the day.